Wednesday, November 20, 2024

History

 

An Insight

 

I see wonderful things

 

Offbeat Humor

 

The prevalent ideas on the subject are not creditable to a civilized community.

From The Complete Saki.  Page 8.

There ought (he continued) to be technical education classes on the science of present-giving. No one seems to have the faintest notion of what any one else wants, and the prevalent ideas on the subject are not creditable to a civilized community.

Data Talks

 

Orchids, 1982 by Robert Mapplethorpe

Orchids, 1982 by Robert Mapplethorpe


























Click to enlarge.

Tuesday, November 19, 2024

Most of what the federal government does is subsidize consumption.

I have for years said that the primary objective of any government is to ensure long term productivity growth.  Everything else desirable follows from real porductivity growth.  No productivity growth and all you get is unpleasant decline.

From Cutting Entitlements by Douglas Holtz-Eakin.  Saying basically the same thing in a different way.

Most of what the federal government does is subsidize consumption. The federal budget is just a big machine that takes money from saving and investment and transforms it into consumption. And the only way economies grow successfully is to defer consumption, save and invest for the future. So, it is stacked to make things perform worse. I want to stack it the other way.

History

 

An Insight